In The Current Issue:– Model railway company Hornby takes classic hobby brands into digital age– Banker’s startup experience feathers the nest for Starling Bank– Should businesses upgrade to Windows 10?
Download Current Issue

DSGi, owner of PC World, Curry's and Curry's Digital, and a major supplier of PCs to small businesses, has described the start to this fiscal year as relatively promising, despite seeing double-digit sales declines in its UK retail stores and reseller operations.

In the 16 weeks ended 22 August, group sales dipped 6% as a 13% decline in Curry's and Curry's Digital, a 17% decrease in its PC World and reseller arms, and an 8% fall in southern and central Europe more than offset a 16% rise in the Nordics and a 6% climb in e-commerce.

"Given the challenging economic environment, this is an encouraging start to the year," said DSGi chief executive John Browett. "We remain cautious about the economic outlook," he added.

The firm said trade in the UK was in line with expectations, but was hit by "significantly lower levels of B2B sales in PC World", which was compounded by the anniversary of TV re-pricing and the roll-out of store refurbishments.

The group said it is on track to refit a further 60 to 80 stores this fiscal year, including five additional megastores by year-end. 108 stores in the UK have now been reformatted.

0 comments

E-Mail

Username / Password

Password

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy